U.S. consumer prices rose in line with expectations in February, suggesting inflation pressures remained relatively stable despite ongoing economic uncertainty. According to data released by the U.S. Labor Department on Wednesday, the Consumer Price Index (CPI) increased 2.4% year-on-year in February, matching both the previous month’s reading and economists’ forecasts. …
Read More »Oil Falls as IEA Plans Record Emergency Reserve Release Amid Iran Conflict
Oil prices declined in Asian trading on Wednesday after reports that the International Energy Agency (IEA) is preparing the largest emergency oil reserve release in its history to counter supply disruptions caused by the ongoing conflict involving Iran. By 00:55 ET (05:55 GMT), Brent crude futures for May delivery dropped …
Read More »Bitcoin Slips Below $70K as Markets Monitor Iran Conflict, Await U.S. CPI Data
Bitcoin edged lower in Asian trading on Wednesday, slipping back below the $70,000 level as investors remained cautious amid ongoing tensions in the Middle East and awaited key U.S. inflation data due later in the day. The world’s largest cryptocurrency was last down 0.5% at $69,583.5 by 01:55 ET (05:55 …
Read More »Oil Prices Plunge After Trump Calls Iran War “Very Complete”
Oil Falls as IEA Considers Record Emergency Reserve Release Amid Iran War Oil prices declined in Asian trading on Wednesday after a report suggested the International Energy Agency (IEA) could release a record amount of emergency oil reserves to help offset supply disruptions caused by the ongoing Iran conflict. By …
Read More »Gold Edges Higher Above $5,200 as Markets Weigh Iran War Signals, Await U.S. Inflation Data
Gold prices ticked slightly higher in Asian trading on Wednesday as investors navigated mixed signals surrounding the ongoing U.S.-Israel conflict with Iran, while also monitoring disruptions in global energy markets and the possibility of a near-term end to the war. Spot gold rose 0.2% to $5,204.29 per ounce by 01:17 …
Read More »Bitcoin Reclaims $70K as Risk Appetite Improves on Hopes of Iran War De-escalation
Bitcoin climbed back above the $70,000 mark in Asian trading on Tuesday as investor sentiment improved after U.S. President Donald Trump suggested the ongoing conflict involving the United States, Israel, and Iran could end soon. The world’s largest cryptocurrency rose 3.4% to $70,201.3 by 01:02 ET (05:02 GMT), after touching …
Read More »U.S. Stock Futures Rise as Trump Signals Iran War May End Soon
U.S. stock index futures moved higher on Tuesday after comments from U.S. President Donald Trump suggesting the conflict with Iran could end soon helped ease investor concerns over prolonged geopolitical tensions and energy supply disruptions. By 06:00 ET (10:00 GMT), Dow Jones futures rose 145 points, or 0.35%, while S&P …
Read More »European Gas Prices Plunge as Trump Signals Possible End to Iran War
European natural gas prices dropped sharply in early trading on Tuesday after U.S. President Donald Trump said the conflict with Iran could end “very soon,” easing fears of prolonged disruptions to energy supplies from the Middle East. As of 08:30 GMT, front-month Dutch TTF natural gas futures, Europe’s benchmark, fell …
Read More »Oil Slumps After Three-Year High as Trump Signals Possible End to Middle East War
Oil prices fell sharply on Tuesday after reaching their highest level in more than three years during the previous session, as comments from U.S. President Donald Trump suggesting the Middle East conflict could end soon helped ease concerns about prolonged disruptions to global oil supplies. Brent crude futures dropped $6.28, …
Read More »Gold Holds Within Narrow Range as Markets Await Signals on Iran Conflict
Gold prices edged higher in Asian trading on Tuesday but remained confined within a narrow range as investors looked for clearer signals on a potential de-escalation in the ongoing conflict involving the United States, Israel, and Iran. Bullion gained modestly alongside an improvement in market sentiment after U.S. President Donald …
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